GROWTH SPURT: The 10 economies of East Asia, excluding Japan, are expected to register growth of 6.7 percent as a whole in 2004, or a 0.8 percentage point higher than the 5.9 percent this year, spurred by the “continuing strong expansion” of the Chinese economy and the recovery and acceleration of growth in other Asian countries, according to the latest forecast by the Institute of Developing Economies of the Japan External Trade Organization.

The 61-page report, “2004 Economic Outlook for East Asia,” said China’s economy is likely to attain a high 8.5 percent growth in 2004, or only a 0.1 percentage point lower than the 8.6 percent estimated for 2003.

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